Market Watch – Vail Valley Local's Guidehttp://www.vailrealestate.com/blog
Vail Valley Local's GuideTue, 15 May 2018 21:19:42 +0000en-UShourly1https://wordpress.org/?v=4.5.3http://s3-us-west-1.amazonaws.com/boojblogbucket/slifer_vail/2017/10/16114838/cropped-SSF-gold-bar-favicon-vector-32x32.jpgMarket Watch – Vail Valley Local's Guidehttp://www.vailrealestate.com/blog
3232Vail Valley Winter Season Market Recaphttp://www.vailrealestate.com/blog/2018/04/vail-valley-winter-season-market-recap/
http://www.vailrealestate.com/blog/2018/04/vail-valley-winter-season-market-recap/#respondThu, 19 Apr 2018 17:55:11 +0000http://www.vailrealestate.com/blog/?p=6219Just like that, another ski season has come and gone in the Vail Valley! While the weather and the snow were less-than satisfactory, we wanted to know if it had an impact on the market compared to other ski seasons. So we took a look back and compared the last 5 seasons (according to Vail’s […]

]]>Just like that, another ski season has come and gone in the Vail Valley! While the weather and the snow were less-than satisfactory, we wanted to know if it had an impact on the market compared to other ski seasons. So we took a look back and compared the last 5 seasons (according to Vail’s opening & closing dates) and their number of transactions, total sales volume, and average sales price.

Very interesting indeed!! The market did better this season than the last 5 seasons in terms of # of transactions and overall sales volume. The obvious question here is why? The lack of snow may have played a factor, with potential buyers finding it easier to miss a day on the slopes to look at property. Another factor could be overall market confidence. The Vail Valley is thriving despite record low inventories, and we have heard from several brokers that buyers who have been casually looking at real estate for several years finally made the move and bought residential or land listings.

A few quick ski season stats throughout the resort markets (Residential, 11/17/17-4/15/18):

The highest sale of the season was 122 Strawberry Park Road in Beaver Creek, which sold for $13,500,000

13 homes/condominiums sold in Vail Village, with an average sales price of $3,697,600

32 homes/condominiums sold in Lionshead, with an average sales price of $2,708,719

49 homes/condominiums sold in Beaver Creek, with an average sales price of $2,304,507

13 homes/condominiums sold in Bachelor Gulch, with an average sales price of $2,746,654

13 homes/condominiums sold in Arrowhead, with an average sales price of $1,361,923

As always, we THANK YOU for another amazing season and hope you stop by and say hello when you are back in the Vail Valley for the summer!

3-bedroom | 3-bath | $1,275,000

Light and bright corner unit located just across from the Country Club of the Rockies. This residence features vaulted ceilings throughout and a master on the main level. Just steps to swimming, skiing and golf!

4-bedroom | 4-bath | $3,600,000

Spacious 4+bedroom home with large grassy lawn in Vail’s sunny golf course neighborhood. You will love the open main-level floorplan with two-story vaulted ceilings, floor-to-ceiling windows, open kitchen and dual living areas. Upstairs, enjoy a private master suite plus a bright corner office or nursery. Downstairs is a versatile family/media room with en-suite guest room that doubles as a private in-law suite for visitors. This home is fully furnished, in great shape with lots of potential.

3-bedroom | 2.5-bath | $589,000

Beautifully remodeled end unit with sweeping views of Castle Peak from the large back deck. Kitchen includes granite countertops, stainless steel appliances and tasteful cabinetry. Guest baths updated with gorgeous Carrara White Marble and rich chocolate cabinets for that mountain contemporary look. This unique property also includes an oversize 1 car garage along with plenty of parking in the driveway and in the guest parking area. Truly one of the best Townhomes in all of Arlington Place.

]]>http://www.vailrealestate.com/blog/2018/04/ssfs-hot-list-recent-top-viewed-ssf-listings/feed/06192SALE OF PENTHOUSE AT THE LION SETS LIONSHEAD REAL ESTATE RECORDhttp://www.vailrealestate.com/blog/2018/03/sale-penthouse-lion-sets-lionshead-real-estate-record/
http://www.vailrealestate.com/blog/2018/03/sale-penthouse-lion-sets-lionshead-real-estate-record/#respondThu, 29 Mar 2018 20:05:02 +0000http://www.vailrealestate.com/blog/?p=6173March 28, 2018—The sale of the penthouse at The Lion, a recently launched luxury property designed in “alpine modern” style, set the price per square foot (PPSF) record for a real estate transaction in Lionshead Village when it closed on March 20, 2018. The transaction’s PPSF was $3,063.90. “Previously the highest PPSF was $2,541 paid […]

]]>March 28, 2018—The sale of the penthouse at The Lion, a recently launched luxury property designed in “alpine modern” style, set the price per square foot (PPSF) record for a real estate transaction in Lionshead Village when it closed on March 20, 2018. The transaction’s PPSF was $3,063.90.

“Previously the highest PPSF was $2,541 paid for a unit at The Arrabelle at Vail Square,” said Matt Fitzgerald, branch broker of the Slifer Smith & Frampton Real Estate (SSFRE) Lionshead office and The Lion’s listing broker. The sale of The Lion’s penthouse eclipsed that by 17 percent. It’s a testament to the desirability of The Lion, but also indicative of what’s happening in Vail and Lionshead right now.”

Sales at The Lion officially launched in the early part of the 2017-2018 ski season. Since then there have been 13 units sold or under contract for a total of more than $50 million in transactions closed or soon to be.

“The Lion is a great example of the overall market trend that we are seeing in Vail Village and Lionshead,” said John Pfeiffer, president and managing broker of SSFRE. “There is a tremendous demand for new construction and buyers are willing to pay top dollar for the right location and amenities.”

Available units at The Lion consist of one to five-bedroom residences that include amenities like oversized ski lockers with built-in, double boot driers; a huge outdoor salt-water hot tub; an indoor infinite current lap pool and salt-water hot tub; a fitness center with steam room and an entertainment room suitable for kids and adults. It also has a three-level, 167-spot parking garage.

]]>http://www.vailrealestate.com/blog/2018/03/sale-penthouse-lion-sets-lionshead-real-estate-record/feed/06173SSF’s Hot List | Recent Top 10 Viewed SSF Listingshttp://www.vailrealestate.com/blog/2018/03/ssfs-hot-list-recent-top-10-viewed-ssf-listings/
http://www.vailrealestate.com/blog/2018/03/ssfs-hot-list-recent-top-10-viewed-ssf-listings/#respondTue, 27 Mar 2018 21:12:57 +0000http://www.vailrealestate.com/blog/?p=6144We were sitting in our weekly team meeting and had a thought.. “I wonder which of our listings were the top viewed on our website??” We decided to dive into Google Analytics and find out. Of course, we wanted to share! Here are the top viewed SSF listings from the last 7 days: 323 Deer […]

]]>We were sitting in our weekly team meeting and had a thought.. “I wonder which of our listings were the top viewed on our website??” We decided to dive into Google Analytics and find out. Of course, we wanted to share! Here are the top viewed SSF listings from the last 7 days:

3-bedroom | 3-bath | $625,000

Enjoy the open floorplan and sunshine in this south facing 2 story duplex with vaulted ceilings. Plenty of windows to let the sun shine in. This beautifully maintained home offers a comfortable kitchen, dining, and living room area that lends itself to great entertaining. The lower level has a second family room. Walk directly out to the back yard hot tub for some relaxation. One car garage. EagleVail is a wonderful amenity rich neighborhood offering golf, pool, parks, tennis and hiking.

2-bedroom | 1.5-bath | $495,000

A fabulous and well cared for 1-bedroom plus loft East Vail condominium with updated kitchen, bathrooms and appliances. Light and bright with vaulted ceilings, wood burning fireplace and nice outdoor deck. Amenities include swimming pool, hot tub and easy access to Town of Vail bus service. Just steps to on site market/liquor store and rental management company.

3-bedroom | 2.5-bath | $590,000

Sunny and bright end unit townhome with an open main level, recently updated kitchen and new flooring. Take in the south facing views from the large deck and enjoy the hiking/biking trails right outside your door. The oversized garage and additional bonus room provide plenty of space for your Colorado toys or for another living space. The close proximity to the ski resorts, Edwards shops and restaurants and easy I70 access make this a must see.

3-bedroom | 2.5-bath | $439,000

This well maintained and spacious 3-bedroom, 2.5-bath condominium offers a sunny, single level floorplan. Over 1600 square feet of living space. Enclosed mudroom for your coats and boots as you enter the home. Wood burning fireplace in the large living area. Enjoy sunshine and big views of Beaver Creek from the large yard or the 2 south facing decks. Newly painted exterior. Walk to restaurants, shops, grocery store and skiing. Close to Town of Avon bus stop.

6-bedroom | 8-bath | $9,950,000

Natural and neutral defines this Colorado mountain home. A custom steel-and-glass window-and-door system within a stone barrel vault makes a commanding opening statement to this designer finished ski-in/ski-out home. Featuring a master on main, golf simulator, stunning views and ski room right off the trail with a cozy fireplace. Broker/owner. One-of-a-kind Rick Hermes home designed by Katy Allen.

4-bedroom | 4-bath | $3,200,000

New construction. The 6th and final home built in this exclusive neighborhood. The home sits along the banks of McCoy Creek in the woods. Finishes hand picked by the Developer. Furnished by Katy Allen.

2-bedroom | 2-bath | $849,000

Top floor corner residence with expansive ski slope views located on beautiful Gore Creek. Ideal location adjacent to Vail Village and short walk to Gondola One, Golden Peak ski access or summer concerts at Ford Amphitheater. This end residence is private and quiet on two levels with vaulted ceilings. Remodeled bathrooms and immaculate throughout. Outdoor year round pool and one unassigned parking space. All utilities included in monthly HOA fee, except electric.

4-bedroom | 3-bath | $799,000

Located on quiet street close to park and hiking trails in EagleVail. Inviting floor plan with large living room open to kitchen and dining area. Easy main level living with bedroom and laundry on first floor. Enjoy the outdoors in fenced backyard with landscaped patio and hot tub. Plenty of storage in 2-car garage. Minutes from both Vail & Beaver Creek.

]]>http://www.vailrealestate.com/blog/2018/03/ssfs-hot-list-recent-top-10-viewed-ssf-listings/feed/06144Vail Village Spotlighthttp://www.vailrealestate.com/blog/2017/07/vail-village-spotlight/
http://www.vailrealestate.com/blog/2017/07/vail-village-spotlight/#respondMon, 10 Jul 2017 17:45:53 +0000http://www.vailrealestate.com/blog/?p=5829Led Gardner is a branch broker in SSF’s 231 Bridge Street, Vail Village office 970-376-0223 | lgardner@slifer.net There can only be one “original,” and here in the Vail Valley, Vail Village is it. Setting the bar for real estate values, trends and fun activities, the village is the literal epicenter of the valley. Throughout the years, our […]

There can only be one “original,” and here in the Vail Valley, Vail Village is it. Setting the bar for real estate values, trends and fun activities, the village is the literal epicenter of the valley.

Throughout the years, our summers have become as vibrant and active as the ski season. Whether it’s the renowned Bravo! Vail Music Festival, the GoPro Mountain Games, the Vail Jazz Festival, our Sunday morning Vail Farmers’ Market & Art Show or getting out for a bike ride, hike or round of golf, there’s something for everyone during this spectacular time of the year. Truly, summer time is prime time here in Vail Village.

VAIL VILLAGE SETS THE PACE

This desirability is amply reflected in our real estate market, where Vail Village continues to set the pace for the rest of the town and, in fact, the whole valley. As we approach the mid-point of the year, the market is demonstrating a solid mix of balance and opportunity not seen in years, or in many other resort areas around the country.

As of late June, Vail Village had seen 41 sales of whole and fractional ownership residential properties, totaling more than $108 million in volume. Resurgence in our high-end niche has seen the average residential sale grow to a robust $5.1 million and $1,872 per square foot. Leading the way were seven transactions closing north of $5 million, totaling $78 million in volume, $11 million on average and a price per square foot of $2,582. Each of these numbers represents substantial gains during the prior year and lends confidence and stability to the overall Vail Valley real estate market.

There are a number of unique, one-of-a-kind opportunities currently available in Vail Village as we welcome the arrival of our summer season. Whether a sophisticated slopeside penthouse in Golden Peak, a spectacular $34 million single-family home on Beaver Dam Road or a hidden pied-a-terre on the banks of Gore Creek, several special properties are currently available for the aficionado of Vail Village real estate.

We encourage your visit this holiday weekend to any of our four Vail Village office locations, should you wish to review these properties and overall trends, in greater detail. There’s lots to talk about.

Statistics in this column were garnered from the Vail Multiple Listing Service as of June 26.

]]>http://www.vailrealestate.com/blog/2017/07/vail-village-spotlight/feed/05829Eagle Community Spotlighthttp://www.vailrealestate.com/blog/2017/05/eagle-community-spotlight/
http://www.vailrealestate.com/blog/2017/05/eagle-community-spotlight/#respondMon, 15 May 2017 16:47:17 +0000http://www.vailrealestate.com/blog/?p=5687Kim Bradley, Eagle Ranch Office Branch Broker As the resort community of Vail continues to grow, local people migrate west to Eagle, Colorado to find affordable housing. Just 30 miles away, it provides a family-friendly community for young professionals in the Valley. “Old Eagle” was established in 1905 as a ranching town which later became […]

As the resort community of Vail continues to grow, local people migrate west to Eagle, Colorado to find affordable housing. Just 30 miles away, it provides a family-friendly community for young professionals in the Valley.

“Old Eagle” was established in 1905 as a ranching town which later became the county seat in 1921. Head a little further south and you will stumble across Eagle Ranch and The Village which was established in 1998. This combination of old & new sets the stage for an eclectic mix of restaurants, shops and breweries.

Fast forward to today and it is evident that Eagle has become a quintessential mountain community.

The mild climate and an abundance of outdoor activities are attracting people of all ages and demographics. Surrounded by approximately 1,020 acres of town-owned open space and the adjacent BLM land, Eagle has multiple public parks, outdoor stage venues, a public pool, an indoor ice rink, a BMX track, two golf courses and plenty more. As the gateway to Sylvan Lake State Park, Eagle creates the setting for a high quality of life.

The Eagle events calendar is packed for the upcoming months with concerts, races, parades and festivals. Residents especially look forward to the free Thursday night concerts in the park where its encouraged to pack the cruiser bike with a picnic and favorite beverage to share with friends. Or spend an evening on the deck of Seven Hermits or the Dusty Boot listening to live music while taking in the incredible westerly views.

With all that Eagle has to offer, it is understandable why this community had 226 residential and land real estate transactions in 2016, a 7.6% increase from 2015*. Comparing the first quarter of 2017 against 2016, Eagle has seen a 15% increase in residential and land transcations, and a 35.7% increase in sales volume**. *MLS Data 1.1-12.31 in 2015 & 2016, **MLS Data 1.1-3.31 in 2016 & 2017

Eagle is constantly improving and has 22 homes currently under construction and 9 homes in the review process. Now is the time to check Eagle out! If you find yourself curious about the Eagle real estate market, I encourage prospective Buyers and Sellers to visit the Slifer Smith & Frampton office in Eagle Ranch Village to meet our knowledgeable team of Brokers.

]]>http://www.vailrealestate.com/blog/2017/05/eagle-community-spotlight/feed/05687Off The Hill | 1226 Westhaven Circlehttp://www.vailrealestate.com/blog/2017/04/off-hill-1226-westhaven-circle/
http://www.vailrealestate.com/blog/2017/04/off-hill-1226-westhaven-circle/#respondMon, 10 Apr 2017 17:38:09 +0000http://www.vailrealestate.com/blog/?p=5543In a valley as coveted as Vail new construction can be hard to find, but just to the west of Lionshead you’ll discover Vail’s third ski village: the Glen Lyon and Cascade neighborhood. Anchored by the new Hotel Talisa, residents in this area have access to spa and fitness facilities, restaurants, a ski shop and […]

In a valley as coveted as Vail new construction can be hard to find, but just to the west of Lionshead you’ll discover Vail’s third ski village: the Glen Lyon and Cascade neighborhood.

Anchored by the new Hotel Talisa, residents in this area have access to spa and fitness facilities, restaurants, a ski shop and shuttle into Vail and Lionshead. Also key is Chairlift 20 servicing the westernmost portal on Vail Mountain. When there’s enough snow this becomes a ski-in and ski-out property as well.

These amenities coupled with new construction make 1226 Westhaven Circle East a banner property.

Tom Jaffe of Slifer Smith and Frampton Real Estate is the developer on this project. “It’s very rare when you can find new product. It’s difficult to build here in terms of finding land and new construction is what people are looking for,” Jaffe said.

This 5,900 square-foot home was designed by local architect Hans Berglund. The open floor plan allows you to move throughout the home with ease. The kitchen, dining and living room space flows freely into the 1,400 square feet of heated patios on the main and lower level. Colorado’s weather allows you to enjoy the outdoor living space almost as much as the interior, especially with an outdoor fireplace and a hot tub.

The main-level master suite allows you to live on one floor when you don’t have a full house, but there is plenty of room for guests. Six bedrooms and eight bathrooms will accommodate your visitors.

This neighborhood is a hidden gem. “Not everybody knows about it because there are only about 55 lots and it’s almost fully built out,” Jaffe said. “It’s a very private and quiet area but you still have access to many amenities.”

]]>http://www.vailrealestate.com/blog/2017/04/off-hill-1226-westhaven-circle/feed/05543Off The Hill | 15 Bachelor Gulch Roadhttp://www.vailrealestate.com/blog/2017/04/off-hill-15-bachelor-gulch-road/
http://www.vailrealestate.com/blog/2017/04/off-hill-15-bachelor-gulch-road/#respondTue, 04 Apr 2017 20:26:58 +0000http://www.vailrealestate.com/blog/?p=5530When looking for a home, imagine yourself in it. Who would be with you? What activities would you be doing? Visualize how it would feel to live there. The turnkey qualities of 15 Bachelor Gulch Road make you feel like you belong in that home. Located on nearly a quarter-acre of land near the fairways […]

When looking for a home, imagine yourself in it. Who would be with you? What activities would you be doing? Visualize how it would feel to live there.

The turnkey qualities of 15 Bachelor Gulch Road make you feel like you belong in that home. Located on nearly a quarter-acre of land near the fairways of Beaver Creek Golf Club, this 4,000 square-foot retreat has plenty of space and surrounds you with beautiful elegance and quality.

This house elicits imagery that places you in the home doing various activities and building memories with loved ones. Maybe it’s putting up a towering Christmas tree in the great room with its high vaulted ceilings. Or making dinner in the well-appointed chef’s kitchen while others are gathering around the fire in the adjacent hearth room. Or you could be having a cookout for your Fourth of July guests on the patio that is just outside the hearth room and through the French doors.

The master bedroom has vaulted ceilings and a wonderful bathroom with abundant natural light. Envision soaking the strain of the day away in the vast tub. The three other bedrooms have their own charm and personality with distinctive decor and each have adjacent bathrooms. The game room can also be used as another bedroom if you have overflow guests.

A two-car garage will allow you to store all of your gear for summer and winter sports. You can also let someone else do the driving since this home is just a shuttle ride away from all the skiing, dining, shopping and activities in Beaver Creek Village.

This home is fully renovated and being sold furnished, so you only need to bring your toothbrush, gear and loved ones. For more information on 15 Bachelor Gulch Road, please click here.

]]>http://www.vailrealestate.com/blog/2017/04/off-hill-15-bachelor-gulch-road/feed/05530Lionshead Village Spotlighthttp://www.vailrealestate.com/blog/2017/04/lionshead-village-spotlight/
http://www.vailrealestate.com/blog/2017/04/lionshead-village-spotlight/#respondMon, 03 Apr 2017 19:38:45 +0000http://www.vailrealestate.com/blog/?p=5523Matt Fitzgerald, Lionshead Office Branch Broker Since its inception, Lionshead Village has been a draw due to its proximity to Vail’s excellent terrain on the western side of the mountain. With both the Eagle Bahn Gondola and Chair 8 at the base of Lionshead Village, locals and visitors alike can efficiently access Vail Mountain. The […]

Since its inception, Lionshead Village has been a draw due to its proximity to Vail’s excellent terrain on the western side of the mountain. With both the Eagle Bahn Gondola and Chair 8 at the base of Lionshead Village, locals and visitors alike can efficiently access Vail Mountain. The Lionshead Village ski school is a tremendous asset for skiers of all ages and abilities; Eagle’s Nest, Game Creek Bowl and Sundown Bowl are easily accessible ski areas from Lionshead Village. The addition of The Arrabelle at Vail Square’s ice rink, shops and restaurants has served to re-invigorate this neighborhood ski portal.

The future of Lionshead Village continues to shine with the addition of the Epic Discovery at the top of the Gondola; the ropes course, the zipline and the mountain coaster will help insure that Lionshead Village remains a year-round fun, vibrant part of the Vail community for years to come.

A NEW DAWN

Lionshead Village led the way in Vail’s New Dawn re-development with the construction of Gore Creek Place and the Arrabelle in 2008 and most recently, The Ritz-Carlton Residences and The Lion. Vail’s New Dawn has also been the catalyst for updating existing Lionshead Village properties that include a multi-million-dollar renovation of Vail Spa Condominiums. In fact, since 2007, 64 percent of the condominium buildings in Lionshead Village are new or extensively renovated.

Looking back at 2016, Lionshead Village property values continued an upward trend with a few record-breaking transactions along the way. In December, the highest priced residential home in Lionshead Village sold for $17,500,000. The highest price per square foot sold at the Arrabelle at $2,541 per square foot. Both of these transactions were facilitated by Slifer Smith & Frampton Brokers.

As opportunity continues in the Lionshead Village market, I encourage prospective buyers and sellers to visit our Lionshead Village Showroom to meet our knowledgeable team of Brokers at Slifer Smith & Frampton Real Estate.

]]>http://www.vailrealestate.com/blog/2017/04/lionshead-village-spotlight/feed/05523SSF’s Summer Luxury Collectionhttp://www.vailrealestate.com/blog/2016/07/ssfs-summer-luxury-collection/
http://www.vailrealestate.com/blog/2016/07/ssfs-summer-luxury-collection/#respondThu, 07 Jul 2016 17:11:46 +0000http://www.vailrealestate.com/blog/?p=4860We are excited to announce that our summer Luxury Collection has arrived! This in-house magazine features some of our most exquisite properties throughout the Vail Valley. This piece has been always been one of SSF’s favorite collections – whether you are looking for that perfect golf course location in Cordillera or a one-of-a-kind ski-in/ski-out in Vail […]

]]>We are excited to announce that our summer Luxury Collection has arrived! This in-house magazine features some of our most exquisite properties throughout the Vail Valley. This piece has been always been one of SSF’s favorite collections – whether you are looking for that perfect golf course location in Cordillera or a one-of-a-kind ski-in/ski-out in Vail Village, we are proud to list them all. Check it out below and visit www.MountainLuxuryCollection.com for more information on these amazing properties.